user100000
Long

General overview (weekly)

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
1054 4 15
In Elliott Wave Theory, wave three in general are longer and cover more distance than wave one. Using my desktop calculator I measured the length of wave I and add it to the end of wave II to find the wave III             minimum target. This give us a CNY             487,508. So, the market needs to at the least reach a minimum target of CNY             487,508 for the cycle wave III             to complete (see blue dashed line) sometime by late 2017 according to my cycles work.



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e^((ln(7588.88)-ln(14.01))+ln(900))
Crypto.888
2 months ago
Please explain this theory?
Reply
user100000 Crypto.888
2 months ago
I find this site useful. It describes the rules and guidelines of the Elliott Wave Principle

http://proelliottwave.com/free-elliott-wave-resources/elliott-wave-principle-basics/

Basically, wave 3 cannot be the shortest wave
+1 Reply
Crypto.888 user100000
2 months ago
Thank you.
Reply
lunartune23 PRO
2 months ago
Good to see you posting EW charts again. We live in exciting btc times.
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